A crypto analyst, Xanrox, is predicting a wild ride for Bitcoin. Get ready for a massive price surge, followed by a significant drop.
Bitcoin’s Final Pump?
Xanrox believes Bitcoin is in the final stages of its current bull run. He’s using Elliott Wave theory, a type of technical analysis, to predict a final, explosive price increase. His charts suggest Bitcoin will hit a new all-time high (ATH) between $120,000 and $125,000, possibly peaking around $122,069. This prediction is supported by looking at historical price patterns and a key Fibonacci level. Specifically, he points to Bitcoin’s consistent relationship with its 50-week Simple Moving Average (SMA) as a reason to believe in this prediction.
The Crash Landing: A 50% Drop?
But the good times won’t last forever, according to Xanrox. After hitting that peak, he expects a significant correction – a roughly 50% drop to around $60,000. This aligns with previous bear market corrections in Bitcoin’s history. He sees this crash as a natural part of Bitcoin’s roughly four-year cycle.
What Should You Do?
Xanrox’s advice? If you believe his prediction, aim to sell near the $122,069 peak to avoid the potential losses of the following crash. Then, wait for a better buying opportunity during the expected 2026 dip. He stresses that buying at the peak could be risky.
